Saad Ullah
⬤ XRP just made a pretty clear shift in its technical setup. After breaking out of a bearish structure, it's now trading in what looks like a bullish framework—though there's still some near-term choppiness to work through. The chart shows XRP punching through a falling wedge pattern and now coming back down to test that same area from above, which is textbook post-breakout behavior.
⬤ Right after the breakout, XRP pushed hard and hit the $2.40 zone before running into a wall. That resistance level lines up perfectly with a golden ratio Fibonacci retracement area, and the price couldn't hold above it. Now it's pulling back, which isn't necessarily a bad thing—it's actually pretty normal for a coin to revisit the breakout zone and see if it holds as support.
⬤ The big question now is whether XRP can defend the $1.80 level. That's where the old falling wedge resistance sits, and it's basically the line in the sand for this new bullish structure. If it holds, the breakout stays valid and bulls stay in control. If it breaks below, things could get messy again and we might see another leg down.
⬤ This matters beyond just XRP. It's one of the major altcoins that traders watch for broader market signals. A clean backtest here could boost confidence across the board, while a breakdown might trigger some fresh volatility in other large caps. How XRP handles this $1.80 retest is going to set the tone for what comes next.
Saad Ullah
